Biophytis: share consolidation planned for early April

(CercleFinance.com) - Biophytis, whose market capitalization has plummeted in recent years, announced on Friday that it has decided to implement a share consolidation as of April 2.


The biotech company explains that the consolidation will result in the automatic allocation of one new ordinary share against 400 shares previously held, and a 400-for-1 stock split.

The company explains that the operation is aimed in particular at reducing the volatility of its share price and encouraging its stabilization, after a fall of more than 99% in five years which led to it becoming a 'penny stock'.

The share is still losing more than 13% today.

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